Funding and Acquisitions Roundup: Encap secures $2M in new Seed funding for its alternative to two-factor authentication
By Brian Kovalesky, StartUp Beat Editor
Today’s early-stage startup funding and acquisitions news:
Oslo, Norway-based security software startup Encap has raised $2 million in a second round of Seed funding. The new capital comes from early stage VC ProVenture Seed. The company has developed an alternative to two-factor authentication that it claims is more secure and works across devices and platforms. Encap was founded in 2007 and raised $840,000 in its first Seed funding round back in early-2010.
HQ: Oslo, Norway
Year Founded: 2007
Innovation: A device and platform agnostic alternative to two-factor authentication.
Total Funding: $2,840,000
More funding and acquisitions news…
Boxee acquired by … someone, announcement coming next week (exclusive) (via VentureBeat)
# # #